michelle is here with us on set. michelle, for the u.s. investor, we start looking at these things, try to figure out what it all means. >> they violated the insurance threshold. like i said before, imagine you have your money in a bank in the united states. the fdic comes in and takes it over. because it's failing. and they tell you, oh, by the way, you thought you were protected up to 250,000. you're not. so the reason why people are worried about runs across europe is they see this and they think, oh, my god, could that happen to me here in italy? could that happen to me here in spain? >> do they have the equivalent of an fdic there? >> it's country by country, by cypress had a 1100,000 threshold, so they violated this threshold. so this new theme, it doesn't matter. it's still the violation of that trust that you thought you had in the bank. the second thing that's happened is they violated the capital structure. how do things work here in the united states when you're busting up a bank? you start blowing through the bottom, right? you